Thursday, September 21, 2006

An American Revolution, Sarbanes-Oxley Style

The Pub Philosopher reports on the regulatory creep of the US with regards to business legislation. They're once more claiming jurisdiction over the actions of British companies.

A foreign legislature in which Britain has no representation has imposed burdensome regulations on British businesses. Its inspectors demand the right to scrutinise companies on British soil and could potentially bring criminal charges against British executives for non-compliance.

Isn't that the sort of thing that led the Americans to declare independence?